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Corsa Sport » Message Board » Off Day » House Day » "Self employed" whilst PAYE » Post Reply
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dannymccann |
posted on 4th Oct 14 at 19:00 |
quote: Adminsoft accounts. I do the difficult stuff, seeing as I attempt to be an accountant as a day job :lol: Would probably be overkill though for odd jobs | |
Jay |
posted on 4th Oct 14 at 16:22 |
quote: My actual role changes constantly so always buying new tools, aswell as replacements, and servicing so I'm spending thousands a year and do 900 business miles a week in a van I bought cash, really need to look into this better! | |
johnny86 |
posted on 4th Oct 14 at 12:42 |
I claim my train fares about 4k a year. 4 pairs of boots 2 new scaff spanners. Every year same thing | |
deano87 |
posted on 4th Oct 14 at 11:21 |
quote: What does she use? | |
dannymccann |
posted on 2nd Oct 14 at 20:38 |
Careful on claiming tax relief on home office, when you come to sell your house you could be liable for CGT on the % you've been using as an office, which is why I don't stick that through the wife's self assessment. | |
Ian |
posted on 2nd Oct 14 at 18:09 |
Tools yes, the way to calculate depends on the value and whether they're new or replacement. | |
Jay |
posted on 2nd Oct 14 at 16:53 |
quote: Im self employed and dont claim anything back, I had an accountant and he was useless I ended up getting a £100 fine for late self assessment so I do it myself now but I buy tools and fuel all year can I claim back on these? | |
deano87 |
posted on 1st Oct 14 at 20:58 |
:thumbs: | |
Rob_Quads |
posted on 1st Oct 14 at 19:34 |
I agree you can''t just put anything in but any IT equipment you buy you can offset part of that. You can also have around £3? per week to cover the cost of your office if you work from home. | |
Ian |
posted on 1st Oct 14 at 16:45 |
quote: You can only offset the proportion which contributed to that income. So you can't pay someone else's office bill if you were on in there a week. That said, there are legitimate expenses you can claim and you should check that out. But you can't bosh in some random receipts in the hope that you've lost money. | |
deano87 |
posted on 1st Oct 14 at 16:37 |
Cheers all :thumbs: | |
Rob_Quads |
posted on 1st Oct 14 at 10:37 |
If its only a one time job I would just get them to pay in cash. Its not worth HMRC while going after you. | |
deano87 |
posted on 1st Oct 14 at 06:40 |
I'm not worried. Just depends on how well it goes and whether I can do it more in my spare time. | |
Ian |
posted on 30th Sep 14 at 23:58 |
You've already used up your allowances on your full time employment, that's why its called a personal allowance. | |
Ben G |
posted on 30th Sep 14 at 23:33 |
You worry far too much, Deano. If it's just a one off, I highky doubt the tax man is going to come looking for you. | |
pow |
posted on 30th Sep 14 at 21:42 |
Honestly? Just get them to pay you cash. Noone is ever going to find out. | |
deano87 |
posted on 30th Sep 14 at 21:21 |
Useful post: http://www.brighton-accountants.com/blog/tax-self-employment-still-employed/ | |
deano87 |
posted on 30th Sep 14 at 21:09 |
quote: Think that is just VAT is it not? | |
johnny86 |
posted on 30th Sep 14 at 21:03 |
I think it's about 4600 undeclared | |
deano87 |
posted on 30th Sep 14 at 20:58 |
I currently have the opportunity to build someones website for them. They're a local builder/carpenter and so don't need anything fancy, just a few pages plus project image library and example projects. They'd ideally like to update it themselves once built so I am considering using the GoDaddy.com website builder. Although WordPress is simple it can still take a while to get your head around it. |